We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Bullish
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • #recession 💯 https://t.co/jpGSQ7eOxl
  • Heads Up:🇯🇵 JPY Consumer Confidence Index (MAR) due at 05:00 GMT (15min), Actual: N/A Expected: 35.0 Previous: 38.4 https://www.dailyfx.com/economic-calendar#2020-04-09
  • Wall Street Futures update [delayed]: Dow Jones (+0.09%) S&P 500 (-0.01%) Nasdaq (-0.30%) -BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.64%, while traders in US 500 are at opposite extremes with 75.87%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/PRc0F82cEe
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.17% 🇪🇺EUR: 0.10% 🇬🇧GBP: 0.09% 🇦🇺AUD: 0.07% 🇯🇵JPY: -0.09% 🇨🇦CAD: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/bQLBwqrzPU
  • The Federal Reserve has made a powerful statement about its commitment to shoring up offshore $USD funding markets through the #coronavirus spread. Get your market update from @DavidCottleFX here:https://t.co/fLZjxjr4L9 https://t.co/Ao7XeiY7wS
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.84% France 40: 0.80% Wall Street: -0.23% US 500: -0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/aHuwHMbNl1
  • RT @DanielGMoss: $SPX Rising wedge formation signals looming reversal as price attempts to breach 2009 uptrend support-turned-resistance…
  • The US Dollar appears to be back on the offensive against ASEAN FX such as the Singapore Dollar and Malaysian Ringgit. The Philippine Peso gained. What does USD face from here? Find out from @ddubrovskyFX here: https://t.co/U8VGdJPIST https://t.co/F8pRQwz1rR
  • (ASEAN Technical Outlook) The US #Dollar fell against #ASEAN FX such as $USDSGD, $USDPHP, $USDMYR and $USDIDR. Chart patterns are brewing like a Bullish Pennant, Descending Triangle and Falling Wedge #USD - https://www.dailyfx.com/forex/technical/article/special_report/2020/04/09/US-Dollar-Technical-Outlook-USDSGD-USDPHP-USDMYR-USDIDR.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/J7j7Kpvyx4
British Pound Holds Steady Following BOE Minutes

British Pound Holds Steady Following BOE Minutes

2014-03-19 10:21:00
David Maycotte,
Share:

Talking Points:

  • UK Jobless Claims Fall the Most Since November 2013
  • British Pound Little-Changed against US Dollar Following BOE Minutes
  • Minutes from this Month’s BOE Policy Meeting sees Risk of Further Pound Gains

The British Pound was little-changed following a round of better-than-expected labor statistics. Moreover, the minutes from this month’s Bank of England Policy meeting had little impact on the British Pound. The UK Unemployment Rate remains unchanged at 7.2 percent, but jobless claims – number of people claiming unemployment – fell by 34,600, and beating estimates calling for a 25,000 decrease.

The better-than-expected labor data did little to sway the sterling and BOE minutes offered no volatility. Last month the BoE revised its forward guidance policy as the unemployment rate quickly approached the 7 percent threshold that would spark conversation for a rate-hike. The minutes from this month’s Bank of England (BoE) Policy meeting says it sees risk of further pound gains as U.K. economy recovers and though the market reaction to the updated guidance was limited they believe the markets understand the new guidance on monetary stance. The BoE is now focusing on a broader range of statistics to decide if the economy is strong enough to handle higher interest rates.

GBP/USD 5min Chart - March 19, 2014

British-Pound-Holds-Steady-Following-BOE-Minutes_body_Picture_1.png, British Pound Holds Steady Following BOE Minutes

Chart Creating Using FXCM Marketscope 2.0

-- Written by David Maycotte, DailyFX Research Team. Questions, comments or concerns can be sent to instructor@dailyfx.com.

Want to trade with proprietary strategies developed by FXCM? Find out how with Mirror Trader.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.